ORG Wealth Partners LLC Has $132,000 Stock Position in General Dynamics Corporation $GD

ORG Wealth Partners LLC reduced its stake in General Dynamics Corporation (NYSE:GD) by 7.8% during the 2nd quarter, Holdings Channel reports. The firm owned 447 shares of the aerospace company’s stock after selling 38 shares during the period. ORG Wealth Partners LLC’s holdings in General Dynamics were worth $132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of General Dynamics by 34.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of General Dynamics by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after purchasing an additional 5,313 shares during the last quarter. Boston Partners boosted its position in shares of General Dynamics by 7.9% in the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock worth $353,558,000 after purchasing an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $330.54 on Friday. The firm has a market cap of $88.91 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.03 and a beta of 0.50. The stock’s 50-day moving average is $318.73 and its 200-day moving average is $291.70. General Dynamics Corporation has a one year low of $239.20 and a one year high of $330.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.General Dynamics’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s payout ratio is currently 40.27%.

Insiders Place Their Bets

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock valued at $86,414,503 in the last quarter. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GD. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a “hold” rating to a “buy” rating and lifted their target price for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. TD Cowen lifted their target price on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Wolfe Research upgraded General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a report on Thursday, July 24th. Finally, Cowen reiterated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $315.78.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.